News / Oetker family may be ready to sell Hamburg Süd container line after 60 years

© VanderWolfImages

Shipping circles in Hamburg are abuzz with speculation that the Oetker family will announce this week that it intends to sell the Hamburg Süd container business after more than 60 years.

The baking goods dynasty is rumoured to have finally given up on turning the business around after continued losses on its traditional north-south routes and a disastrous entry into the Asia- North Europe trade.It is understood that a meeting took place yesterday of the controlling members of the Oetker family at ...